14.09.2020 Release

14 September, 2020

Georgian National Energy and Water Supply Regulatory Commission (GNERC) organized and conducted a conference regarding Georgia’s Energy Independence and Electricity Market Liberalization. Energy sector operators, company representatives and energy experts participated in this event. The meeting was opened by the Chairman of the Commission Davit Narmania where he awarded energy workers with certificates of appreciation for their merit in the development of the energy sector.

Representatives of the Commission introduced Wholesale and Retail Market Rules to participants during the conference, moreover they presented Unbundling Rules for companies under the terms of the new electricity market. Mr. David Narmania explained that the Commission established these rules based on the Law of Georgia on Energy and Water Supply, furthermore envisaging directives of the Third Energy Package of the EU.

“Major purpose of the rules adopted by the Commission is promotion of the work of energy market participants, moreover protection of costumers’ rights. Wholesale Market Rules will ensure secure and reliable operation of electricity market, as well regulation of terms of the electricity trade at the Energy Exchange. The rules envisage introduction of hourly trade of the electricity, which gives an opportunity to customers to purchase electricity according to hourly price. Rules of Retail Market will regulate relations between household/non-household customers and electricity providers. For the purpose of free trade of electricity, those rules ensure establishment of terms that promote complete opening of retail market of electricity, based on the principles of  competition, transparency and non-discrimination”, - David Narmania mentioned

Irina Milorava (General Director or Georgian Energy Exchange), Ucha Uchaneishvili (Chairman of the Management Board of Georgian State Electrosystem) and Zaza Dvalishvili, General Director of Electricity System Commercial Operator made presentations about wholesale market operator of the electricity and the state service.